BP at a glance

The energy we produce serves to power economic growth and lift people out of poverty. In the future, the way heat, light and mobility are delivered will change. We aim to anchor our business in these changing patterns of demand, rather than in the quest for supply. We have a real contribution to make to the world’s ambition of a low carbon future

Key facts

Countries of operation
72
Number of employees
74,500
Sales and other operating revenues
$183 billion
Underlying replacement cost profit
$2.6 billion
Barrels of oil equivalent produced per day (a)
3.3 million
Proved reserves (a)
17,810 million barrels of oil equivalent
New exploration access
71,000 square kilometres
Retail sites
Approximately 18,000
Refinery throughputs per day
1.7 million barrels
Petrochemicals produced
14.2 million tonnes
As at, or for the year ended, 31 December 2016, see footnotes below.

Who we are

We are a global energy company with wide reach across the world’s energy system. We have operations in Europe, North and South America, Australasia, Asia and Africa.

What we do

Our diverse portfolio is balanced across businesses, resource types and geographies. Having upstream and downstream businesses, along with well-established trading capabilities, helps to mitigate the impact of lower oil and gas prices. Our geographic reach gives us access to growing markets and new resources, as well as diversifying exposure to geopolitical events.

BP in action

Some highlights of our activities around the world in 2016

Business model

From the deep sea to the desert, from rigs to retail, we deliver energy products and services to people around the world. We provide customers with fuel for transport, energy for heat and light, lubricants to keep engines moving and the petrochemicals products used to make everyday items as diverse as paints, clothes and packaging.

Our people

Our people want to play their part in solving the big complex challenges facing our planet today. We value their expertise and are working hard to build the best team in world energy.

A strong leadership team

Meet the senior team leading thousands of BP scientists, engineers and professionals worldwide.

Fit for the future

We are evolving our strategy – allowing us to be competitive in a time when prices, policy, technology and customer preferences are changing.

Our values

Our values of safety, respect, excellence, courage and one team align explicitly with BP's code of conduct and translate into the responsible actions necessary for the work we do every day. Our values represent the qualities and actions we wish to see in BP, they guide the way we do business and the decisions we make.

Sustainability

We believe that the best way for BP to achieve sustainable success as a company is to act in the long-term interests of our shareholders, our partners and society. We strive to be a world-class operator, a responsible corporate citizen and a good employer.

Technology

We develop and deploy technologies that we expect will make the greatest impact on our business. From enhancing the safety and reliability of our operations to creating competitive advantage in energy discovery, recovery, efficiency and products.

The energy transition

The BP Energy Outlook contains our projections of future energy trends, based on our views of likely economic and population growth and developments in policy and technology. This builds on our annual Statistical Review of World Energy.

Our reports

Our key reports include information about our financial and operating performance, sustainability performance and also global energy trends and projections.

Footnotes

a. Includes BP's share of Rosneft as well as our interest in other equity-accounted entities.